KUALA LUMPUR, Oct 13 (Bernama) -- The private sector must play an active role to ensure Malaysia gained positive economic spillovers from hosting Formula One (F1) races should the country decide to bring back the prestigious motorsport event, said Malaysian Investment Development Authority (MIDA) chairman Tengku Datuk Seri Zafrul Abdul Aziz.
Business : Private Sector Must Play Active Role If F1 Returns To Malaysia - Tengku Zafrul
Tengku Zafrul Abdul Aziz, F1, spillover, economy,
BE Bernama 
Key points
- He told Bernama that the potential economic benefits of hosting F1 must be assessed carefully given the high costs involved and concerns over whether the event benefits the wider population or only certain segments of society.
- At the same time, if you look at the success of some other countries, the private sector is also involved,” said Tengku Zafrul, who is also the Prime Minister's senior political adviser.
- Tengku Zafrul said additional activities held alongside F1 races, including major conferences and other events, could attract more visitors and create wider economic opportunities for local businesses.
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Related reporting
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- Bernama Business : Private Sector Must Play Active Role If F1 Returns To Malaysia - Tengku Zafrul (this story)
